Armeec is again a leader in the general insurance
13.2% market share and a premium income of over BGN 207 million
According to the preliminary data of the Financial Supervision Commission by the end of December 2015 Armeec JSC retains its leading position on the general insurance market with a share of 13.2%, premium income of over BGN 207 million and nearly 6% growth, compared to the same period last year.
With largest share in the portfolio of the company is the Motor Insurance. Armeec is the leader of Motor Casco Insurance with revenue of over BGN 113 million and market share of over 23%. The company is an unchallenged leader of the voluntary automobile policy for more than four years. In the compulsory Motor TPL Insurance the company generates premium income of nearly BGN 59 million and has a market share of 10%.
Armeec JSC ranks first also in Travel Assistance Insurance with premium income of nearly BGN 4 million, a market share of 23% and 4.5% growth compared to the same period of 2014. On Property Insurance the growth of the premium income is nearly 10%.
There is also growth in the revenue of the credit insurance, accidents and cargo compared to the same period of 2014.